EURGBP Symmetrical Triangle Breakout and Short Opportunity
Description: Chartraderpro finds a forming symmetrical triangle pattern. The breakout can be in both bearish and bullish direction. However, looking at the bigger picture, the pattern appears to be a bearish continuation triangle.
Trade Period: Intraday
Pair / Instrument: EURGBP
Time Frame: H4
The trend in the Timeframe: Neutral
The trend in the Daily Chart: Bearish
Trade Based On: Symmetrical Triangle Pattern
Recommended Lot Size: 0.07@ 10 K Account with 1:100 Leverage
The Area Of The Entry: Potential Breakout Level 0.87700 – 0.87650 . Wait for the breakout of the line !!!!!
Stop Loss: 0.88300
Target 1: 0.87300
Target 2: 0.87000
Target 3: 0.86800
What to Pay Attention:
You can view the setup: EURGBP Triangle Pattern
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